ADVERTISEMENT
Thursday, July 24, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

What is Bitcoin Mining and How Does It Work?

AZB Editor
May 23, 2025
Why have Bitcoin prices hit a record high?
Share on FacebookShare on Twitter
Advertisements

Bitcoin mining is the process through which new bitcoins are created and transactions are validated on the blockchain—a public, decentralized ledger of all Bitcoin activity. It involves solving complex mathematical problems using powerful computers, securing the network and earning rewards in the form of new bitcoins.

How It Works

There are three ways to acquire Bitcoin:

Advertisements
  1. Buying from exchanges
  2. Accepting it as payment
  3. Mining it

In the early days, mining could be done using regular home computers. But as the network grew and mining difficulty increased, it became too resource-intensive for casual users. Today, mining is dominated by industrial-scale operations that use specialized hardware (ASICs) and large amounts of electricity.

Bitcoin miners compete to solve a complex puzzle by guessing a 64-digit hexadecimal number called a hash. The first to solve it adds a new block to the blockchain and earns a block reward—currently 3.125 bitcoins (as of April 2024). This reward halves every four years in a process called the halving, until the total supply reaches 21 million bitcoins.

Why It Matters

Mining ensures the integrity and security of the Bitcoin network. It’s a self-sustaining system where miners are incentivized to maintain the blockchain, making Bitcoin decentralized and resistant to

Advertisements
AZB Editor

AZB Editor

Related Posts

The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.
Headline

The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.

July 24, 2025
11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi
Headline

11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi

July 24, 2025
SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks
Headline

SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks

July 24, 2025
Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness
Headline

Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness

July 24, 2025
Pak pharma sector has limitless potential in Africa.
Headline

Pakistan’s Pharmaceutical Exports Surge 34%, Marking Highest Growth in Two Decades

July 24, 2025
How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options
Headline

How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options

July 24, 2025
Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized
Headline

Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized

July 24, 2025
Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers
Headline

Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers

July 24, 2025
M-Tag Made Mandatory for All Vehicles Entering Islamabad, CDA Announces
Headline

M-Tag Made Mandatory for All Vehicles Entering Islamabad, CDA Announces

July 24, 2025
Body of Retired Colonel Qazi Ishaq Recovered from Sawan River; Search Continues for Missing Daughter
Headline

Body of Retired Colonel Qazi Ishaq Recovered from Sawan River; Search Continues for Missing Daughter

July 24, 2025
Next Post
Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future

Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Must Read

Qatar Airways Increases New York Frequency to Three Flights per Day
Headline

Qatar Airways Increases New York Frequency to Three Flights per Day

August 21, 2023
Jazz supports the nationwide breast cancer awareness campaign
TELECOM

Jazz supports the nationwide breast cancer awareness campaign

October 29, 2022
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.